BoE working group finds ‘striking' changes in investment behaviour by insurers and pension funds
Nature of investments has changed markedly over the past 15 years, says Andrew Haldane-led group
A discussion paper on trends in investment decisions by insurance companies and pension funds (ICPFs) published today by the Bank of England (BoE) finds evidence of pro-cyclical investment behaviour by the former and counter-cyclical behaviour by the latter, at least in the short-term.
The paper, Procyclicality and structural trends in investment allocation by insurance companies and pension funds, was produced by a working group led by BoE chief economist and monetary policy committee member
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